Anthony Skaramuchi says
Speaking on Monday’s CNBC ‘Squalk box’ segmentThe founder and managing partner of Skybridge Capital said that the price of bitcoin (BTC) is around $ 98,000 “where it should have been in 2022.” He said that in January 2024, the Bitcoin spot exchange-traded funds should have been approved in the first quarter of 2022.
This delay, he argued, “The price suffered a lot of damage,” during 2022 moved towards prolonged weakness of bitcoin. It was not until March 2024 that Bitcoin once again surpassed $ 60,000.
However, Skaramuchi believes that today’s Crypto market benefits from Trump White House, which applies “future civilized, middle-road regulation”.
Making for lost time?
Scaramuchi pointed to several near-term catalysts that could help bitcoin to fix the lost land. He highlighted the growing interest from the endowments of the university, including the Emory University, including Emory University, which revealed the stake in the Bitcoin ETF of Grassscale at the end of 2024, while the Austin University is considering starting a bitcoin investment fund.
Additionally, Scoramuchi suggested that a bitcoin strategic reserve fund in the US would probably be at a small level. ” Unlike the popular belief, he said that the American strategic reserve has about 30 different assets, and bitcoin “is a property that the country wants to do itself.”
Meanwhile, he said that the sovereign money funds in the Middle East are building the “quiet” crypto positions.
